Kevin Farhadian Acquires Retail Property In New York City For $1.3M
SOLD
$1,300,000
+ 1
New York
See Similar DealsRetail2,511 SF
Sold 02/02/2023
SOLD
Kevin Farhadian Acquires Retail Property In New York City For $1.3M
227 East 105th Street
See Similar DealsRetail2,511 SF
Sold 02/02/2023
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$517
Total Square Footage:2,511 SF
Transaction Type:Sale
The retail property located at 227 East 105th Street in New York City has been sold in a closed transaction. The property spans 2,511 square feet and was sold for a total price of $1,300,000, resulting in a price per square foot of $518.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,300,000
- Address: 227 East 105th Street, New York City
- Square Footage: 2,511
- Price per Square Foot: $518
The buyer in this transaction is Kevin Farhadian, while Sean Coakley is the seller. The deal was facilitated by the brokers Jordan Sutton, Robert Shapiro, and Ian Brooks from Cushman & Wakefield.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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